Dogecoin Holders Remain Optimistic Amidst Potential Price Decline

Tuesday, 26 March 2024, 22:00

Dogecoin price has surged by 42% recently, hinting at further gains but a major sell signal raises concerns. The rise in Open Interest and positive technical indicators support bullish sentiment, yet the DAA divergence indicates a looming correction. If the $0.182 resistance is flipped, DOGE may reach $0.20; however, failure could lead to a 26% decline to $0.135.
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Dogecoin Holders Remain Optimistic Amidst Potential Price Decline

Dogecoin Holders Still Betting on a Rise

Dogecoin price has surged by 42%, covering previous losses and attracting bullish sentiment among holders. Open Interest has seen a 66% increase, hinting at a potential price rise.

Technical Indicators Support Bullish Sentiment

The Relative Strength Index and Moving Average Convergence Divergence indicate further growth in DOGE price.

DOGE Price Prediction: Sell Signal Suggests Drop

Daily Average Addresses Divergence signals a potential correction with a 26% decline to $0.135 if $0.182 resistance isn't held.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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